Monday, June 23, 2008

BCE – A Sigh of Relief

You could almost hear a communal sign of relief today as the Supreme Court of Canada dismissed bondholder objections to the proposed $35-billion deal to privatize BCE. Despite this ruling there is obviously still a lot of doubt on the street as the 30 million shares traded today resulted in only a 5.7% increase in the share price. Personally, I will continue to hold my shares and am speculating that this ruling will solidify the deal in the $41 to $42.75 range. Here is what some of the professional are predicting:

When I initially commented I clicked the "Notify me when new comments are added" checkbox and now each time a comment is added I get three emails with the same comment. Is there any way you can remove people from that service?Many thanks!